Cal-Maine Foods Q2 profit beats estimates as prepared foods segment grows

Cal-Maine Foods

07/01/2026 11:12

Overview

Egg producer's fiscal Q2 revenue fell 19.4%, missing analyst expectations

EPS for fiscal Q2 beat analyst expectations

Company acquired Clean Egg, LLC to expand specialty egg capacity

Outlook

Cal-Maine expects sales mix shift to enhance earnings durability over time

Company anticipates sustained double-digit volume growth in prepared foods

Cal-Maine sees consumer demand shifting towards specialty and premium protein solutions

Result Drivers

SALES DIVERSIFICATION - Co focused on diversifying sales and shifting product mix to strengthen earnings durability

PREPARED FOODS GROWTH - Prepared foods sales rose significantly, driven by recent investments and acquisitions

SPECIALTY EGGS - Specialty eggs maintained strong sales, accounting for a larger portion of shell egg sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$769.50 mln
$826.39 mln (5 Analysts)
Q2 EPS
Beat
$2.13
$1.94 (4 Analysts)
Q2 Net Income
Beat
$102.93 mln
$94.09 mln (3 Analysts)
Q2 Gross Margin
27.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy."

Wall Street's median 12-month price target for Cal-Maine Foods Inc is $97.00, about 22.7% above its January 6 closing price of $79.08

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX2FnhH0

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)